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Markets

CoreWeave (CRWV) Stock Plunges 15% Following CEO’s $29.5M Share Sale

Quick Summary On August 18, CEO Michael Intrator offloaded 307,692 shares of CoreWeave worth approximately $29.5 million through a Rule 10b5-1 plan established in November 2025. Shares are tr

AnonymousCryptoCompass newsroom
August 21, 2026
3 min read
NEWS
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Quick Summary

  • On August 18, CEO Michael Intrator offloaded 307,692 shares of CoreWeave worth approximately $29.5 million through a Rule 10b5-1 plan established in November 2025.
  • Shares are trading at $89.76, reflecting a roughly 15% decline over the past week, with the company valued at $49.5 billion.
  • Second-quarter revenue reached $2.58 billion, representing a 112.5% year-over-year increase and surpassing earnings per share forecasts by $0.38.
  • Wall Street maintains a “Moderate Buy” rating with a mean price target of $141.10, despite ongoing losses and a leverage ratio of 5.53.
  • Institutional holders like Vanguard expanded their stakes, while firms including Citi and Robert W. Baird increased price targets post-earnings.

On August 18, 2026, CoreWeave’s Chief Executive Officer Michael Intrator executed stock sales worth roughly $29.5 million through a pre-established Rule 10b5-1 trading arrangement that was put in place during November 2025.

CRWV Stock Card CoreWeave, Inc. Class A Common Stock, CRWV

The CEO offloaded 200,000 Class A shares directly at a weighted average price of $95.72, trimming his direct holdings by 10.66% to 1,676,815 shares. A further 107,692 shares were disposed of indirectly via Omnadora Capital LLC, an entity under his sole management control.

The indirect shares underwent conversion from Class B to Class A stock prior to being sold. Following these transactions, Omnadora Capital holds zero Class A shares while maintaining 22,695,432 Class B shares.

Shares of CRWV are presently changing hands at $89.76, marking approximately a 15% drop during the past week. The stock’s 52-week trading range spans from $60.55 to $153.20.

The share disposal occurred just days after CoreWeave unveiled robust second-quarter performance on August 11. The company generated $2.58 billion in revenue, representing a 112.5% year-over-year jump. While posting a loss of $1.14 per share, CoreWeave exceeded analyst expectations, which called for a $1.52 loss, by $0.38.

Notwithstanding the impressive revenue expansion, CoreWeave continues to operate in the red. The firm reports a negative net margin of 25.41% alongside a negative return on equity reaching 47.95%.

With a debt-to-equity ratio of 5.53, the company’s balance sheet reflects the substantial capital investments necessary for constructing and maintaining AI-focused cloud infrastructure.

Wall Street Response

In response to the better-than-expected quarterly results, multiple analysts upgraded their price objectives. Citigroup boosted its target from $142 to $159 while reaffirming a “Buy” designation. Robert W. Baird increased its target from $100 to $130 with an “Outperform” stance. Roth Capital established a $145 price target.

Barclays elevated its target from $90 to $105 while maintaining an “Equal Weight” position. Needham continued with its “Hold” recommendation. Across 35 analysts, the consensus stands at “Moderate Buy” with a mean price objective of $141.10.

Truist increased its target to $155, highlighting the addition of nearly 500 megawatts of infrastructure capacity during the quarter. Piper Sandler raised its target to $153, emphasizing robust demand for AI services and strengthening third-quarter bookings.

Major Shareholder Movements

Large institutional shareholders have shown significant activity. Vanguard Group expanded its holdings by 275.6%, now controlling more than 27.9 million shares valued at approximately $2 billion. Legal & General Group dramatically increased its stake by 8,455%, accumulating over 604,000 shares.

Mirae Asset boosted its holdings by 67.2%, while Broad Peak Investment Advisers initiated a fresh position valued at $15.5 million.

Equity analysts forecast a full-year EPS loss of $5.37 for CoreWeave during the current fiscal period. The stock’s 50-day moving average stands at $90.25, marginally above its current trading level.

The post CoreWeave (CRWV) Stock Plunges 15% Following CEO’s $29.5M Share Sale appeared first on Blockonomi.